HII hosted Secretary of the Navy John Phelan at Newport News Shipbuilding for a shipyard tour and discussions on shipbuilding.
Quiver AI Summary
HII hosted Secretary of the Navy John Phelan at its Newport News Shipbuilding division for a tour and meetings with leadership and workers, marking his first visit since his confirmation in March. Phelan praised the essential role of the Newport News workforce in building ships that support American seapower and national security. The tour included views of nuclear-powered submarines and aircraft carriers under construction, showcasing advanced production techniques. Phelan interacted with sailors and participated in testing systems on the John F. Kennedy aircraft carrier. The event was attended by Virginia Governor Glenn Youngkin and several congressional representatives. Newport News Shipbuilding employs over 26,000 people and is one of the few yards capable of building nuclear-powered vessels for the Navy.
Potential Positives
- Secretary of the Navy John Phelan's visit signifies high-level government acknowledgment and support for HII's shipbuilding efforts, enhancing the company's reputation in the defense sector.
- The tour highlighted HII's advanced technology and facilities in constructing key naval assets, showcasing their capability to meet national defense needs effectively.
- With a workforce of over 26,000, HII is underscored as a vital industrial employer in Virginia, which may positively influence local economic conditions and community relations.
- HII's involvement in significant projects like the Columbia- and Virginia-class submarines and the USS Enterprise (CVN 80) demonstrates its critical role in national security and its long-term growth potential.
Potential Negatives
- None
FAQ
What was the purpose of Secretary Phelan's visit to Newport News Shipbuilding?
Secretary Phelan visited to tour the shipyard, meet leadership, and interact with shipbuilders and sailors to reinforce the importance of shipbuilding.
How does HII contribute to American defense capabilities?
HII is the nation's largest military shipbuilder, designing and building nuclear-powered submarines and aircraft carriers critical to national defense.
Who accompanied Secretary Phelan during the visit?
Virginia Gov. Glenn Youngkin and Congressmen Bobby Scott, Rob Wittman, and John McGuire joined him for part of the tour.
What technologies were highlighted during the shipyard tour?
The tour showcased state-of-the-art facilities and techniques, including serial-module-production for Columbia- and Virginia-class submarines.
What is HII's workforce size and significance in Virginia?
HII employs over 26,000 people, making it the largest industrial employer in Virginia, contributing significantly to the local economy.
Disclaimer: This is an AI-generated summary of a press release distributed by GlobeNewswire. The model used to summarize this release may make mistakes. See the full release here.
$HII Congressional Stock Trading
Members of Congress have traded $HII stock 1 times in the past 6 months. Of those trades, 0 have been purchases and 1 have been sales.
Here’s a breakdown of recent trading of $HII stock by members of Congress over the last 6 months:
- REPRESENTATIVE JULIE JOHNSON sold up to $15,000 on 02/12.
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$HII Insider Trading Activity
$HII insiders have traded $HII stock on the open market 5 times in the past 6 months. Of those trades, 3 have been purchases and 2 have been sales.
Here’s a breakdown of recent trading of $HII stock by insiders over the last 6 months:
- THOMAS C SCHIEVELBEIN purchased 2,120 shares for an estimated $349,426
- JOHN K WELCH purchased 1,000 shares for an estimated $174,923
- NICOLAS G SCHUCK (Corp VP, Controller & CAO) sold 750 shares for an estimated $142,166
- FRANK R JIMENEZ purchased 550 shares for an estimated $103,900
- D R WYATT (Corp VP & Treasurer) sold 400 shares for an estimated $82,096
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$HII Hedge Fund Activity
We have seen 299 institutional investors add shares of $HII stock to their portfolio, and 344 decrease their positions in their most recent quarter.
Here are some of the largest recent moves:
- MILLENNIUM MANAGEMENT LLC added 677,775 shares (+10761.7%) to their portfolio in Q4 2024, for an estimated $128,079,141
- PRICE T ROWE ASSOCIATES INC /MD/ removed 566,563 shares (-90.3%) from their portfolio in Q4 2024, for an estimated $107,063,410
- D. E. SHAW & CO., INC. added 354,374 shares (+1648.4%) to their portfolio in Q4 2024, for an estimated $66,966,054
- VAN ECK ASSOCIATES CORP removed 351,513 shares (-19.8%) from their portfolio in Q4 2024, for an estimated $66,425,411
- RIVER ROAD ASSET MANAGEMENT, LLC added 345,109 shares (+inf%) to their portfolio in Q4 2024, for an estimated $65,215,247
- CITADEL ADVISORS LLC added 303,381 shares (+4868.1%) to their portfolio in Q4 2024, for an estimated $57,329,907
- EPOCH INVESTMENT PARTNERS, INC. removed 302,511 shares (-100.0%) from their portfolio in Q4 2024, for an estimated $57,165,503
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Full Release
NEWPORT NEWS, Va., April 16, 2025 (GLOBE NEWSWIRE) -- HII (NYSE: HII) hosted the secretary of the Navy at its Newport News Shipbuilding division Wednesday for a tour of the shipyard, meetings with company leadership, and direct interactions with shipbuilders and sailors.
It was the first visit to NNS by Secretary of the Navy John Phelan since confirmation to the position in March.
“The work being done in Newport News is essential to American seapower,” Phelan said. “These incredible workers are not just building ships, they’re building our future, securing our way of life, and ensuring peace through strength.”
“We are honored to have Secretary Phelan in the shipyard and show him what our shipbuilders do,” NNS President Kari Wilkinson said. “Shipbuilding is complex and difficult work and requires a commitment to purpose. We appreciate Secretary Phelan’s leadership, perspective and insight as we work relentlessly to be strong partners in strengthening and expanding American shipbuilding.”
Photos accompanying this release are available at: http://hii.com/news/hii-hosts-secretary-of-the-navy-at-newport-news-shipbuilding/ .
The tour covered the construction lifecycle for nuclear-powered submarines and aircraft carriers, including conversations with the shipbuilders who are building and delivering ships critical to the national defense. Phelan saw firsthand how NNS is leveraging technology and state-of-the-art facilities to execute serial-module-production for both Columbia - and Virginia -class submarines. The group was able to experience these submarines in various stages of construction, from early construction to final assembly and test.
Phelan also toured construction progress on two aircraft carriers, including Enterprise (CVN 80) in the dry dock, as well as John F. Kennedy (CVN 79), undergoing final outfitting and testing at NNS. While on Kennedy , he met with sailors, toured the flight deck, and participated in topside testing of the electromagnetic aircraft launch system (EMALS).
Virginia Gov. Glenn Youngkin, Congressman Bobby Scott, D-Va., Congressman Rob Wittman, R-Va., and Congressman John McGuire, R-Va., joined Phelan for a portion of the visit.
With a workforce of more than 26,000 people, NNS is the largest industrial employer in Virginia. The shipyard is one of two shipyards capable of designing and building nuclear-powered submarines for the U.S. Navy and designs, builds, refuels and defuels nuclear-powered aircraft carriers.
About HII
HII is a global, all-domain defense provider. HII’s mission is to deliver the world’s most powerful ships and all-domain solutions in service of the nation, creating the advantage for our customers to protect peace and freedom around the world.
As the nation’s largest military shipbuilder, and with a more than 135-year history of advancing U.S. national security, HII delivers critical capabilities extending from ships to unmanned systems, cyber, ISR, AI/ML and synthetic training. Headquartered in Virginia, HII’s workforce is 44,000 strong. For more information, visit:
- HII on the web: https://www.HII.com/
- HII on Facebook: https://www.facebook.com/TeamHII
- HII on X: https://www.twitter.com/WeAreHII
- HII on Instagram: https://www.instagram.com/WeAreHII
Contact:
Todd Corillo
[email protected]
(757) 688-3220
